MSP Restoration LLC, a healthcare restoration agency based mostly in Miami, United States and valued within the area of $32.6 billion, has introduced a collaborative partnership with Web3 resolution Tokenology to launch a fraud-prevention blockchain platform, titled Lifechain.
Lifechain will search to make the most of the verifiable and clear nature of blockchain expertise to boost the accessibility of healthcare prices, claims and medical information for sufferers and business professionals.
MSP Restoration’s shopper software LifeWallet — which launched in January this yr and has since registered over 1 million customers, in accordance with current knowledge — will home the expertise alongside a tokenized resolution LifeCoin.
The press launch supplied better context into the size of the duty throughout the healthcare business; notably, working within the subject of reimbursing secondary medical insurance coverage funds.
“The large variety of each day medical claims being tokenized is predicted to surpass 50 million/day by 2024, requiring the sort of scale, safety and sustainability that solely Polygon can ship.”
@DiscoverMSP, a $32.6 billion publicly-traded U.S. healthcare firm, has partnered with @Tokenologycom to launch LifeChain #onPolygon.
A primary-of-its-kind industrial platform for totally tokenizing healthcare providers.
Be taught extra https://t.co/kEaYUQltnN
— Polygon – MATIC (@0xPolygon) May 20, 2022
MSP Restoration grew to become a publicly tradable firm in mid-2021 following the acquisition of Lionheart Acquisition Corp II and operates on the Nasdaq underneath the ticker image MSPR.
The co-founder of Polygon (MATIC), Sandeep Nailwa, shared his evaluation of the partnership, stating that the mission is “actually impactful” and “a testomony to the evolution of enterprising new options that builders like Tokenology are constructing utilizing Polygon expertise.”
